Morgan Stanley Defends Memory Stocks Including Micron Technology (MU)

Micron Technology, Inc. (NASDAQ:MU) is one of the High Growth Semiconductor Stocks to Buy. On March 26, analyst Joseph Moore from Morgan Stanley issued a research note telling investors that the memory market remains more durable than the market thinks. He assigned a Buy rating on Micron Technology, Inc. (NASDAQ:MU) and raised the price target from $450 to $520 on March 19. ​The analyst said that the recent sell-off in the memory sector is a healthy pricing-in of the durability concerns. He added that th ...